Help Comparing and Choosing the Right Enterprise Content Management Software
Enterprise software analyst firm, Technology Evaluation Centers (TEC) recently launched its Enterprise Content Management (ECM) Evaluation Center, which helps project managers, consultants, and decision makers compare the most qualified ECM systems based on their own, unique priorities.
(PRWEB via PR Web Direct) May 26,
2005 -- Software evaluation firm, Technology Evaluation Centers (TEC) has
created an enterprise content management (ECM) evaluation center to help
companies navigate through the demanding process of choosing an ECM software
solution. Enterprise content management (ECM) allows organizations to capture,
manage, store, reuse, and publish their content to support the different
processes within their business (AIIM, 2005).
Forecasted by TEC and other
research firms as one of the most important business drivers for the near
future, ECM is on the rise. TEC has tracked significant increases in customer
demand for ECM selection projects, with numbers growing seven-fold since 2004.
Over the next year, projections suggest that revenue in licensing for ECM will
grow from 1,280.8 to 1,861.4 (millions of dollars, USD) through 2009. “Due to
current governance and regulatory compliance regulations, ECM will become more
and more important in order for organizations to be able to meet the
requirements of these acts”, according to Hans Mercx, ECM and BPM analyst at
TEC.
So how do organizations seeking enterprise content management (ECM)
software prepare before calling on a vendor for a request for proposal (RFP)?
The TEC ECM Evaluation Center (http://www.ecmevaluation.com/press) enables end users to match
their requirements to the functionality provided by a variety of ECM solutions.
Organizations can use the center to analyze vendors on approximately 1,200
criteria covering ECM functionality. Vendors presenting solutions for comparison
include 80-20, AMCO, CentricMinds, Crown Peak, Day Software, Emojo, Hannon Hill,
iUpload, Kentico, Numotion, Serena, SilkRoad technology, Stellent, and
Snakeware. The TEC ECM Evaluation Center (http://www.ecmevaluation.com/press) covers a broad range of
features from content acquisition, approval and syndication, to document
management, record management, digital asset management, workflow, and
publication of the actual content.
Research by The Standish Group shows
that 52.7 percent of IT projects cost 189 percent of the original estimates.
This represents $75 billion (USD) yearly that is spent on failed IT projects in
the United States alone (2005). Organizations are losing billions of dollars
each year because they select the wrong hardware, middleware, and software,
which is due to inadequate vendor information and evaluation processes. Such
losses are increasingly apparent within price-sensitive, small and medium
enterprises, which require accurate IT information to be collected quickly and
cost-effectively during software evaluation processes.
According to TEC,
solutions for ECM, ERP, CRM, or SCM may fail to accomplish what customers want,
because customers did not begin their selection processes with a good
understanding of their requirements. TEC believes that problems arise when
customers do not prepare a proper request for information (RFI) to evaluate the
pertinent responses from their shortlisted vendors. However, TEC states that its
sophisticated means for performing requirements analysis will ease customers'
selection burdens.
About Technology Evaluation Centers Inc. (TEC)
Since 1993, TEC has been developing sophisticated decision support software,
enabling users to evaluate and select enterprise software technology, which is
best tailored to their needs. For more information, see the company's web site
http://www.technologyevaluation.com/press.
About the
Enterprise Content Management Software Evaluation Center
The Enterprise
Content Management Software (ECM) Evaluation Center (http://www.ecmevaluation.com/press) is a new on-line decision
support system featuring research on some of the more well-known firms in ECM.
The knowledge base consists of close to 1200 criteria for analyzing enterprise
content management solutions firms. For more information, see the web site at http://www.ecmevaluation.com/press.
Contact:
Lynne
Brash, Coordinator, Media Relations
Technology Evaluation Centers (TEC),
740 St. Maurice, 4th floor,
Montreal, Quebec
Canada
H3C 1L5
www.technologyevaluation.com/press
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Source : http://www.prweb.com/releases/2005/5/prweb244846.htm